JCDecaux : Results a shade below expectations and Q1 guidance fully in line
>Neutral recommendation reiterated - JCDecaux released its FY 2022 results this morning. EBITDA for 2022 was marginally below our expectations at € 603m versus € 618m forecast. The group's Q1 guidance is in line with our expectations at +2.5% organic, reflecting a still sluggish start to the year in China but a likely much stronger recovery from February/March. The group has scheduled a conference call at 9am this morning which will provide an opportunity to review t...JC Decaux specializes in outdoor advertising. Co.'s business mainly consists of the sale of advertising space for these activities: Street Furniture, Transport Advertising and Billboard. The Street Furniture segment covers the advertising agreements relating to public property entered into with cities and local authorities. It also includes advertising in shopping centers, renting of street furniture, sale and rental of equipment, cleaning and maintenance. The Transport Advertising segment covers advertising in airports, subways, buses, tramways and trains. The Billboard segment covers advertising on private property and neon-type activity.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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